Reward and benefit scheme transforms RS Components : Integrated program improves employee commitment

Purpose – The purpose of this paper is to describe how a new reward and benefits scheme has helped RS Components Ltd, a UK distributor of electronics and maintenance products, to improve employee engagement and retention and attract new talent. Design/methodology/approach – The paper explains the reasons for the scheme, the form it takes and the results it has achieved. Findings – The paper details the main aims of the scheme as better employee health and well being, better internal communications, increased employee engagement and motivation and a reduced carbon footprint for the business and shows how each of these is being achieved. Practical implications – In particular the paper explains that the scheme is helping the company to compete effectively for, and retain, scarce talent. Originality/value – The paper reveals that My Reward has created a buzz among employees and improved their commitment to the company.